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Jan 1, 2013
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caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the senate floor. he said he one of the president to be a one-term president. the people voted obama back in. host: the minority leader, mitch mcconnell, has been negotiating with the vice president joe biden to come to some sort of agreement. what you make of that? caller: i'm talking about what mitch mcconnell said in the beginning. he did not want to work with this president. the want it to see him fail. they're hurting the american people by not helping obama. obama is good for the country, but people that listen to rush limbaugh, sarah palin, and fox news, that i
caller: yes, i am glad to something being done about the fiscal cliff. the american people need to understand that the republicans put us in this situation, because when bill clinton left office, he left with a surplus. the republicans spent all the money. we went into recession. then president obama came on scene, and he brought us out of the recession, and it takes money to get out of recession. now they are trying to blame him for all of the spending. mitch mcconnell, he is a disgrace to the...
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Dec 31, 2012
12/12
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. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the president. >> as of this point is looks like i'm going to be spending new year's here in d.c. i can come to your house? is that what you're saying? >> happy new year! >>> grab your party hats, chill the bubbly. just eight hours to go. yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we w
. >> we're falling over that fiscal cliff. >> republicans simply can't utter the word yes. >> the president is, i believe, slowing down the process. >> they have no strategy. they don't know what they want. >> kim kardashian is pregnant. >> a lot of democrats get mad at me. >> no deal is better than a bad deal. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> hats off to the...
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Dec 28, 2012
12/12
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if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than keeping the nation on firm financial footing. he is waiting until january 3 to get reelected as speaker. he has so many people over there that will not follow what he wants. that is obvious from the debacle that took place last week. host: back to your calls and comments. negotiations resumed at 3:00 p.m. this afternoon at the white house. north carolina on the republican line, good morning. caller: how are you/ i'm doing well -- how are you? the budget as far as the epa, i wonder if that would help cutting the budget, plus cutting entitlement spending. instead of raising taxes and lower deduction, i
if it goes over the fiscal cliff, it will hurt the republicans more. host: thank you for the call. a photograph of the president, cutting short his vacation. leaders were blaming each other for the stalled negotiations just days before tax increases lock in. more from the floor of the senate yesterday, harry reid. [video clip] >> speaker boehner should not have that members go back. they are not here. they are not here. john bennett seems to keep more about keeping his speakership than...
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Dec 31, 2012
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next we'll hear from republican congressman howard mckin about the fiscal cliff talks from the other side of the aisle. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! >>> secretary of state hillary clinton will be ringing in the new year from a hospital. doctors closely monitoring clinton for the next couple days. they discovered a blood clot during a followup exam related to a concussion she suffered earlier this month. the state department issued this statement saying "she's being treated with blood thinners and is at new york hospital to monitor the medication. her doctors will continue to assess her condition including other issues associated with her concussion."
next we'll hear from republican congressman howard mckin about the fiscal cliff talks from the other side of the aisle. this family used capital one venture miles to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually...
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Dec 28, 2012
12/12
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bronx.tart out with the what do you think about the fiscal cliff? caller: i am happy to show those guys who are supposed to be our leaders so everybody can see. all these guys are working for their rich donors who basically run the whole campaign during the regular year to make sure that they are funded, and they are going to go to bat for the rich donors who take care, not the middle class, not the working class people. host: appreciate your call. richard calling in our online for republicans from colorado. what do you think? caller: 84 allowing me the opportunity to speak. i understand there are some very good and honest people in congress working to try to solve our problems. it appears the two-party system does not work effectively. for decades, we continue to see gridlock and that thing is ever accomplished trick as returned -- retired veteran, i am worried about my veterans benefits being caught on the meager pay i receipt, and the seniors who scrape by with that in cup they get them and we have the budget and make sure we stay within our mean
bronx.tart out with the what do you think about the fiscal cliff? caller: i am happy to show those guys who are supposed to be our leaders so everybody can see. all these guys are working for their rich donors who basically run the whole campaign during the regular year to make sure that they are funded, and they are going to go to bat for the rich donors who take care, not the middle class, not the working class people. host: appreciate your call. richard calling in our online for republicans...
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Dec 31, 2012
12/12
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steve liesman has that for us. >> this could be the fiscal cliff game at home report. now that there is a plan in motion, can you see some of the things that are in play here. the revenue side of the fiscal cliff $520 billion, spending side, $130 billion. some piece of that is going to go away if indeed they do end up capping the increases of those at $400,000, 450 and above. we don't know how much. perhaps the vast bulk of it could go away. no discussion on wlornt automatic spending cuts for this year would be affected at all. there's the total 650. impact of the total fiscal cliff this year and by way of contrast or comparison, here is the gdp effect. we gained in nominal terms and that's why going over the cliff means negative growth, it means a recession. here is some of the detail of what we ever talking about here. 620 billion. that's the total revenue. depends on which numbers you use. moving on, per capitia effect, it affects different people differently. 26.2 million is the number of americans that will see an increase in taxes subject to amt that alternate ta
steve liesman has that for us. >> this could be the fiscal cliff game at home report. now that there is a plan in motion, can you see some of the things that are in play here. the revenue side of the fiscal cliff $520 billion, spending side, $130 billion. some piece of that is going to go away if indeed they do end up capping the increases of those at $400,000, 450 and above. we don't know how much. perhaps the vast bulk of it could go away. no discussion on wlornt automatic spending cuts...
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Jan 1, 2013
01/13
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we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending cuts that would have affected the military and most federal agencies. now, that will have an impact. it means that there will be future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new cong
we've been building up to this fiscal cliff and the deal finally came together late on new year's eve, and it took the vice president coming here to make the final sale to fellow democrats. biden had been negotiating with the top republican in the senate, and they've come together on a deal that keeps most people's taxes right where they have been, but it does set higher taxes for couples who will earn more than $450,000 a year. it will also put off for two months the across-the-board spending...
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Dec 31, 2012
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it's 11 hours before we hit that deadline, the fiscal cliff deadline. if there's no deal reached, the big question is, how is it going to affect all of us? if you're sing with no kids and make $50,000 a year your taxes go up by $1500. well, if you take a married couple with two kids making $100,000, they see their taxes go up $5300 a year. christine, what dana was talking about, let's say the senate takes it up, but the house delays, right? they don't decide whether or not they approve of this, and there is that delay. would that delay going over the fiscal cliff, are there some things that are going to automatically happen whether or not they do anything at all? >> well, there's something that has already happened. december 29th was the last day of unemployment benefits, the last day of the unemployment benefits for people on extended federal unemployment benefits. that is already over. if we go over the cliff for a day or two or takes the house a minute to catch up, you have to ret retroactively go back and fix the unemployment situation. 2 million pe
it's 11 hours before we hit that deadline, the fiscal cliff deadline. if there's no deal reached, the big question is, how is it going to affect all of us? if you're sing with no kids and make $50,000 a year your taxes go up by $1500. well, if you take a married couple with two kids making $100,000, they see their taxes go up $5300 a year. christine, what dana was talking about, let's say the senate takes it up, but the house delays, right? they don't decide whether or not they approve of this,...
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Dec 31, 2012
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. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are some laws that just make you kind of go, hum. it will now be illegal for employers to require or request social media passwords in several states including maryland, new jersey, and delaware. motorcyclists in illinois can now run a red light if that light fails to change. in florida, your swamp buggy will no longer be considered a motor vehicle. >>> it is about 50/50 right now. i obviously would like to see a deal that would avoid the cliff but it depends on the content of the deal. >> it's a shame and disgrace that we are where we are. the american people are fed up first of all with this process. secondly, with the priorities that
. >>> the possible fiscal cliff isn't the only thing happening at the stroke of midnight. more than 400 new laws take effect. some have a major impact including in new hampshire partial birth abortions will be banned. same sex couples will be able to marry in maryland. also registered sex offenders in illinois will no longer be able to dress up like santa or the easter bunny and will not be allowed to hand out candy on halloween. then there are some laws that just make you kind of go,...
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Jan 1, 2013
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fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal would extend federal farm policies through september. that means milk prices won't double. the deal also nixed a set pay raise for members of congress. the white house scored an agreement to raise the tax rates on larger estates from 35% to 40%, but republicans successfully insisted the exemptions should be adjusted annually for inflation a provision that would increase the exemption amount to $7.5 million for individuals, $15 million for couples by the year 2020. those house holds would pay higher rates on investm
fiscal cliff. the senate overwhelmingly passed the compromise measure earlier this morning and business correspondent christine romans is crunching the numbers to answer the big question, what does it mean to you? christine? >> oh it means so much to you whether you're a doctor or a teacher, a student, a parent, or working american or someone on unemployment benefits, this is a deal that reaches all corners of the population. in addition to dealing with the fiscal crisis, the senate deal...
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Jan 1, 2013
01/13
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new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who have a chance now to have the life they've wanted oo them and their famiiy... that we chose equality overrhate. hate. sameesex couples in maryland have been able to get marriaae liccnses since december 6th, bbt they did not eeeffect untii this morniin. 33 in the eleventh hour.... the senate passes a bill to 89-8 vote. presiddnt n obama says the agreement is ccuntry" as patti ann r browne repoots... now thh legislation moves n to the house where it's future pncertain.certaii..- (pkg) sennte overwhelmingly in favor of leggslation to avert the fiscal cliff. vice president joe biden i
new to avoid thh fiscal cliff. 3 3 happy ewwyear!it's tuesday, january first.... 2013! 3 3 same sex couples usher in the new year...as a newlyweds! newlyweds!starting today... new year's day will have new right to marry. marry.at city hall... many gay marriage offically becomes legal in maryland.mayor stephanie rawlings --laae officiated the ceremony or a couple who had been together for 30 years.she says... it was an emotional night. incredibly meaningful night... there are so many people who...
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Jan 1, 2013
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actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching. >> let's dive into the senate deal. what it does on the business side. popular tax breaks extended, including a credit for research, which benefits high-tech companies and appear an investment rightoff that helps manufacturers. the long-term unemployed receives emergency benefits for another year. doctors spared a 27% cut in medicare reimbursements set to take effect in january. the $30 billion cost would be cut by cutting other health care programs. >> and tim huelkamp, you and i got into a little dustup last night. brand new year, 2013. let's start over again. happy new year to you, sir. >> happy n
actually going over the fiscal cliff will help some republicans vote for a measure when maybe before they would have voted against it. some republicans up even though they are not on board, won't vote for this unless they have to. but i think john boehner wants more than 30 republicans to be on board with him. >> no doubt the case. brianna keilar in washington. looking for signs all morning about how this will go down. any smoke rising from the speaker's office, we know are you watching....
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Jan 1, 2013
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juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. because for every 2 pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ juliet: well-come back. 22 minutes past the hour. some quick headlines. everybody get ready to pay more in taxes. five new taxes g
juliet: coming up, are republicans likely to agree to the fiscal cliff deal? the senate has just put on the table? we'll talk to our senior capitol hill editor chad pergram up next. lawmakers have bans on plastic water bottles. business owners will pay the price. they're not happy about this. we'll be right back. ♪ . excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my...
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Dec 31, 2012
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no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the space program has been a jobs program. how many jobs can we get in your district or your state? the space shuttle passed by one vote because it was passed all around the country. we had people working in different places. i can tell you some pretty brutal story is about politics that get involved in the space program. bring home the bacon. jobs get votes. in votes key congressmen and senators in office. >> buzz aldrin on the past and future of the space program, and from brown university, the 2012 presidential election. now a conversation on emerging economies like china, india, and brazil. we will hea
no votes are scheduled for the fiscal cliff. when the house reconvenes, we will have live coverage. president obama said an agreement is in sight in the senate republican leader came to the floor this afternoon to say an agreement had been reached on taxes but no agreement yet on the spending cuts that are part of the fiscal cliff. you can watch both of those statements on our web site. >> a lot of people that i no looking back on the past 40 years will say that ever since apollo, the...
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Dec 31, 2012
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right now on capitol hill we are hearing there is progress in the talks to avoid the fiscal cliff. we've heard this before and we are hours away from massive tax hikes and spending cuts set to kick in at midnight. republican senator lindseys joih all his thoughts on the matter. welcome, senator, great to have you here today. >> glad to be with you. uma: let's talk for a moment. we don't even have a deal yet and you're already conceding this is a victory for the president. why? >> it will be. i mean no republican wants to raise tax rates. in 2010 the president said we needed to extend all the bush tax cuts because the economy was week. in 2012 the last day he's pushing to raise tax rates. the economy is still weak. it's all politics, he won the election. he said he come pained on raising tax rates on americans who make mourn 250,000. at the end of the day he'll probably get that victory. it will be a hollow victory because raising tax rates is not going to help job creation and it's certainly not going to get us out of debt. here is the question i asked on "fox news sunday," what ar
right now on capitol hill we are hearing there is progress in the talks to avoid the fiscal cliff. we've heard this before and we are hours away from massive tax hikes and spending cuts set to kick in at midnight. republican senator lindseys joih all his thoughts on the matter. welcome, senator, great to have you here today. >> glad to be with you. uma: let's talk for a moment. we don't even have a deal yet and you're already conceding this is a victory for the president. why? >> it...
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Dec 27, 2012
12/12
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of debate on the fiscal cliff. the house should have passed a bill saying you cannot use money for medicare to finance obamacare. the plan to finance obamacare and the house should have passed a bill on that. or how about passing a bill that any reform of entitlements -- medicare and social security -- cannot involve taking away benefits from those on the system today and those about to go on the system. you can make good reforms to young people. they should have passed a tax simplification bill. host: next call comes from john in pennsylvania, republican line. caller: good morning. president eisenhower, the rate for the top taxpayers never went below 91%. now we cannot seem to get it up to 39%. in 2001, we had the largest budget surplus ever. 10 years later it would have the largest deficit ever. in 2001, we had $5 trillion in debt. we gained $10 trillion in debt in less than 10 years. $5 trillion was because of the bush tax cuts. guest: there were numerous tax shelters back then that were finally removed from the
of debate on the fiscal cliff. the house should have passed a bill saying you cannot use money for medicare to finance obamacare. the plan to finance obamacare and the house should have passed a bill on that. or how about passing a bill that any reform of entitlements -- medicare and social security -- cannot involve taking away benefits from those on the system today and those about to go on the system. you can make good reforms to young people. they should have passed a tax simplification...